Dow Down on Europe Debt Worries

Euro Falls as Alarm Reaches Italy

NEW YORK—Investors scurried for safety as the European debt crisis spread to Italy and concern flared about the fiscal and economic woes of the U.S.

The result was steep declines in the euro, as well as in European and U.S. stocks. The Dow Jones Industrial Average lost 151.44...

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Stocks fell sharply as investors worried that Europe's debt crisis is spreading to larger nations like Italy and Spain, overshadowing the start of the second-quarter earnings reporting season. Paul Vigna and George Stahl discuss.